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Markets

Gold price drops by Rs500 per tola in Pakistan

  • International rate of gold declines by $5 to reach $4,375 per ounce
Published Updated

Gold prices in Pakistan decreased on Saturday, in line with losses in the international market. In the local market, gold price per tola reached Rs459,936 after a decline of Rs500 during the day.

Similarly, 10-gram gold was sold at Rs394,320 after it fell by Rs429, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Thursday, gold price per tola reached Rs460,436 after a loss of Rs3,500 during the day.

The international gold rate declined by $5 to $4,375 per ounce (with a $20 premium).

Meanwhile, the price of silver increased by Rs13 to reach Rs6,949 per tola.

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